Bain Capital and Carlyle Group’s offer to shareholders of Osram Licht AG was extended by nearly a month as the private equity investors battle for control of the German lighting company with Austrian suitor AMS AG.
The offer period for the 35 euro-a-share takeover bid that values the former Siemens AG unit at 3.4 billion euros ($3.7 billion) will now conclude on Oct. 1, Bain and Carlyle said Sept. 4. The expiry was previously set for Sept. 5.
The extension is part of German takeover rules to align the bid with the expiry of AMS’s 38.50 euros-a-share counteroffer. Both bidders ...
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